Steel Products Prices North America
Canada Finds Injury in OCTG Imports from Nine Countries
Written by Sandy Williams
September 23, 2014
The Canadian International Trade Tribune (the Tribunal) determined last Friday that there is reasonable indication that dumping and subsidization of OCTG products from nine countries have caused or may cause injury to the domestic market. The countries named in the investigation are Chinese Taipei, the Republic of India, the Republic of Indonesia, the Republic of the Philippines, the Republic of Korea, the Kingdom of Thailand, the Republic of Turkey, Ukraine and the Socialist Republic of Vietnam.
The subject goods are described as oil country tubular goods made of carbon or alloy steel, welded or seamless, heat-treated or not heat-treated, regardless of end finish, having an outside diameter from 2⅜ inches to 13⅜ inches (60.3 mm to 339.7 mm), meeting or supplied to meet American Petroleum Institute specification 5CT or equivalent standard, in all grades, excluding drill pipe and excluding seamless casing up to 11¾ inches (298.5 mm) in outside diameter.
The Tribunal determination was the result of an investigation initiated June 30, 2014 by the Canada Border Services Agency (CBSA) under the Special Import Measures Act. The CBSA will issue a preliminary determination by October 20, 2014.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Products Prices North America
Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
Nucor’s HR spot price unchanged for 5th week
Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.
SMU price ranges: Market stable amid post-Thanksgiving glut
Steel sheet prices remain at or near multi-month lows, while plate prices continue edging lower from their mid-2022 peak.
Nucor again holds HR spot price at $750/ton
For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.